Bleak Future? What is going on with the 1 system?

I am asking this because here in canada all the big stores got completely rid of the Nikon 1 system in past months. And I mean everything, from the cameras to lenses. I did get the v2 for $340 and got the 10-100 for $350 but this were the last items in the stores tucked away in open box and sitting there for months.

I remember year or more ago, there was even dedicated stand with nikon 1 gear. Now there isn't even a single lens in the big stores. I see nikon released the v3 but when big electronics stores here completely clears physical inventory and have last items on fire sale it only means one thing and that isn't good.